The Board of HVL at its meeting held today approved the un-audited standalone financial results for the quarter ended June 30, 2018.

The Indian Accounting Standards (IND AS) as prescribed by Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder became applicable to HVL from April 01, 2018. Accordingly, HVL’s results for the Quarter ending June 30, 2018 have been prepared under IND AS and the previous year’s comparative numbers have been re-stated under IND AS.

HVL Standalone Results for the quarter ended June 30, 2018 under IND AS:-

HVL on a standalone basis reported a total income of Rs. 78.12 Crores for the quarter ended June 30, 2018 as against Rs. 36.88 Crores for the quarter ended June 30, 2017.

The net profit after tax for quarter ended June 30, 2018 stood at Rs. 36.11 Crores as against Rs. 10.75 Crores during quarter ended June 30, 2017.

REVISED AUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2018

Revised Standalone total income for the year ended March 31, 2018 Rs. 225.10 Crores and PAT Rs. 104.11 Crores

Revised Consolidated total income for the year ended March 31, 2018 Rs. 868.97 Crores and Loss after tax and minority interest Rs. (244.51) Crores

The Board of HVL at its meeting held today also approved the revised audited standalone and consolidated financial results of the Company for the year ended March 31, 2018 after giving effect to the Scheme of Amalgamation of Grant Investrade Limited, a wholly owned subsidiary of the Company (“Transferor Company”) and the Company, namely, Hinduja Ventures Limited (“Transferee Company”) w.e.f. October 01, 2017 being the Appointed Date. The Scheme of Amalgamation of Grant Investrade Limited into the Company was sanctioned by the Hon’ble National Company Law Tribunal on May 10, 2018 and the Scheme became effective w.e.f July 02, 2018. Read more

ŠKODA continues on its course for success. In the first six months of this year, the Czech carmaker once again increased the number of deliveries. Delivering 652,700 vehicles, ŠKODA concludes the first half of the year with a record result. ŠKODA grew by 11.6% compared to the same period last year (January to June 2017: 585,000 vehicles). ŠKODA delivered 116,500 units in June alone – an increase of 10.8% compared to the same month last year (June 2017: 105,200 vehicles). The SUV models ŠKODA KODIAQ and KAROQ continue to be growth drivers. The compact SUV KAMIQ was successfully launched last month in ŠKODA’s largest single market, China.

“The results of the first half of this year impressively demonstrate the effectiveness of our model strategy. Our modern and wide range of models has been very well received by
customers worldwide,” says ŠKODA CEO Bernhard Maier. “In the second half of 2018, we are expecting bottlenecks due to the introduction of the new WLTP test procedure; deliveries of some vehicles will therefore be delayed.”

Along with the new WLTP test procedure, a new emission standard will be introduced that will bring about a challenging situation for all automakers in 2018. Looking specifically at ŠKODA’s model range, this will manifest itself in several ways: The production of the current ŠKODA FABIA, for example, has already been sold out before the announced model change. The production launch of the upgraded version of the small car is set for August 2018. Read more

Global music giant, Sony Music announced the 3rd song Good Man Di Laaltain from SOORMA will release on Friday June 29th. The music label has been receiving massive response on the songs released so far. Fans have fallen in love with ISHQ DI BAAJIYAAN while have got inspired by SOORMA ANTHEM and now Good Man Di Laaltain will make them get up and dance!

A celebratory song, Good Man Di Laaltain features at a point in the film where Sandeep Singh’s ’s family along with Preet and friends are seen welcoming him back home after the sports media abroad christens him with the moniker – ‘Flicker Singh’. This transpired owing to his strong performance in the Indian Hockey Team ensuring victory for Team India with his famous Drag Flick. Read more

Varroc Engineering Limited (the “Company”), proposes to open the Offer on June 26, 2018, an initial public offering of 20,221,730 Equity Shares through an offer for sale by the promoter and investor selling shareholders (as defined below) (the “Offer”). The Offer consists of an offer for sale of (i) up to 1,752,560 Equity Shares by Mr. Tarang Jain (“Promoter Selling Shareholder”), (ii) up to 16,917,130 Equity Shares by Omega TC Holdings Pte. Ltd. (“Investor Selling Shareholder 1”) and (iii) up to 1,552,040 Equity Shares by Tata Capital Financial Services Limited (“Investor Selling Shareholder 2”). The Offer also includes a reservation of 100,000 Equity Shares, for subscription by eligible employees (the “Employee Reservation Portion”) at a discount of Rs. 48 per share on the Offer Price (“Employee Discount”). The Offer less the Employee Reservation Portion is the “Net Offer” and such Net Offer aggregates up to 20,121,730 Equity Shares. The Offer and the Net Offer shall constitute 15% and 14.93%, respectively, of the post-offer paid-up equity share capital of the company. Read more

Fine Organic Industries Limited (the “Company”) proposes to open on Wednesday, June 20, 2018*, an initial public offering of 7,664,994 Equity Shares through an offer for sale by the promoter group selling shareholders (the “Offer”). Read more

The countdown to the biggest celebration of Indian Cinema has begun as preparations are well underway for the 19th Edition of NEXA IIFA Awards Styled by Myntra, to be held at the reputed Siam Niramit Theatre in Bangkok on 22nd & 24th June.

For the fourth consecutive year, the IIFAs will be broadcast on India’s No.1 premium Hindi entertainment channel, COLORS with a stunning line-up of star-studded programming comprising of flashback episodes, IIFA Buzz, IIFA Rocks and the NEXA IIFA Awards. For the digital savvy viewers the same will be available on India’s leading video-on-demand platform, VOOT, from the house of Viacom18. Read more

Art by Anita presents ‘Kabulana’ an exhibition of artworks by Anita Anand, inspired by her time in Afghanistan between 2004-2016.The exhibition will preview on Saturday, June 23 from 6.00 pm- 7.00pm and will continue from June 24-27 from 11 am – 7 pm.

The venue is the Convention Centre Foyer, India Habitat Center, New Delhi. Entry is free .For more information please call: 9911128613 Read more

Narayana Health – SRCC Children’s Hospital on the eve of World Blood donor Day is organising a Blood Donation Camp between 11th June – 15th June 2018. The camp is conducted to raise awareness of the need for safe blood and blood products, and to thank blood donors for their voluntary, life-saving gifts of blood. Dr. Zarin Bharucha, Chairperson, Federation of Bombay Blood Banks and also WHO consultant and international expert on Transfusion Medicine will be inaugurating the camp on 11th June 2018 at 11am. Dr. Purna Kurkure (Medical Director), Mr. Arunesh Punetha (Zonal Director) and Mr. Rupesh Chaubey (Facility Director), Narayana Health – SRCC Children’s Hospital will be present on the occasion at NH-SRCC Children’s Hospital, Haji Ali Park, Mahalaxmi, Mumbai. Read more

BAS,,,TUM AUR HUM is a modern take on married life and extremely relatable for the audiences. Written & directed by Veena Bakshi, writer and director of National Award winning film, ‘The Coffin Maker’, it has the just-married, the much-married, the to-be married and those contemplating-marriage, all in continuous splits! Read more